National Australia Bank

Economists see weak growth, low prices for 2009

As buyers make plans for 2009, most of the news about the U.S. and global economies is not good. The International Monetary Fund said in a recent report that the world economy is entering a "major downturn in the face of the...

Australia's new largest bank

AUSTRALIA'S largest bank worth $48 billion, formed by the approved merger of Westpac and St George banks, will start trading next Tuesday. Fiery opposition by retail shareholders and staff at today's meeting on Westpac's merger...

NAB cuts more IT jobs

Michael Sainsbury and Scott Murdoch | November 13, 2008 NATIONAL Australia Bank yesterday cut 179 technology staff on top of the 264 revealed earlier this year, as the bank moves to aggressively cut costs. National Australia...

Commonwealth Bank fears more bad loans

Commonwealth Bank of Australia, the country's second-largest lender, warned investors to expect a big jump in bad debts and voiced concerns over the economic outlook for at least the next 18 months. Its shares fell as much as...

NAB Sees Economy Sliding

According to the National Australia Bank, it's clear that & quot;the RBA's full attention now is on attempting to avoid a very hard landing in 2009 and into 2010 & quot;.In a commentary in its latest monthly business confidence...

Incitec unveils & #36;1.17b capital raising

Incitec unveils $1.17b capital raising Wednesday November 12, 2008, 5:47 pm Incitec Pivot Ltd, Australia's biggest fertiliser supplier, has unveiled a sharp rise in annual profit and flagged a $1.17 billion capital raising....

Markets in Asia Finish Lower, Weighed by Japan Exporters

Asian markets ended broadly lower, with hefty losses piling up in the afternoon as investors sold Japanese exporters and National Australia Bank's plan to raise capital cast a negative tone over financial companies.

Cash-flow woes a boon for some

Chris Zappone | November 12, 2008 - In factoring, the other type of receivables finance, businesses outsource their accounts management, said Mr Bills. The receivables finance industry's growth expected this year represents a...

CBA trades at three-and-a-half year low

Wednesday November 12, 2008, 5:45 pm Shares in Commonwealth Bank of Australia have fallen to a three-and-a-half year low on expectations that it may undertake another capital raising in the near future. Expectations of a...

Wages data & #39;supports more rate cuts & #39;

Wages data 'supports more rate cuts' The latest data on wages growth will not present the Reserve Bank of Australia (RBA) with any significant obstacles to easing interest rates further, economists say. Commonwealth Bank of...